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Dec 13, 2012
12/12
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neil: ceo oh no, more than 160 corporates signs tax rate increases in a deficit deal. one ceo who has a beef with this. bennigan's ceo, you don't like it, paul, why? >> i don't know what planet those ceos are from, but it can't be planet earth. neil: large company ceos. >> when you look at a fortune 500 ceo taking a look at, well, a little bit of tax increases won't hurt us -- neil: billions in revenue. >> are you not thinking about the entrepreneur, the small business owner, the small companies? that really is the driving machine for this country. neil: by the way, we were discussing in the break quickly, they can find ways around these higher taxes, but small businesses, not so much. options limited. >> it's already fractious and thin in terms of operating margins, and it's like any good custodian of a brand looks at the larger picture. we take a look at how are we able to, maybe squeeze in the operating costs and save money? on the revenue side, i have a message for everybody. get people back to work. if you want to raise tax revenue, get people back to work, get in
neil: ceo oh no, more than 160 corporates signs tax rate increases in a deficit deal. one ceo who has a beef with this. bennigan's ceo, you don't like it, paul, why? >> i don't know what planet those ceos are from, but it can't be planet earth. neil: large company ceos. >> when you look at a fortune 500 ceo taking a look at, well, a little bit of tax increases won't hurt us -- neil: billions in revenue. >> are you not thinking about the entrepreneur, the small business owner,...
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Nov 24, 2012
11/12
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it is a deficit. with 2.5 trillion dollars tos tr work with. billion nex $901 billion for next year.tiont the national debt is over $16 trillion.$1 and the president's big plan cember has 1.6 trillion dollars.h first you want to raise 849 billion. over 10 years by allowing the bush tax cuts to go away this year. those with $849 billionhundred n including $206 billion.lion on i two itemized deduction.n apital higher taxes on capital gains and the white house wants to raise $584 billion aver 10 years.thev by reducing the value of tax c breaks with a charitable m contributions, mortgage payments that could have an impact on the housing industry. we have some thain going good now so let's stop that. the rest comes from raising taxes on energy companies and brokers and traders. over a decade bricks down $160 billion each year that still leaves a hole of the hundred $40 billion. he so you're looking at alionde $100 trillion deficit the president was to demonize the bushhe tax cuts but thewill. tax revenue is already increasing under the bushes. rates
it is a deficit. with 2.5 trillion dollars tos tr work with. billion nex $901 billion for next year.tiont the national debt is over $16 trillion.$1 and the president's big plan cember has 1.6 trillion dollars.h first you want to raise 849 billion. over 10 years by allowing the bush tax cuts to go away this year. those with $849 billionhundred n including $206 billion.lion on i two itemized deduction.n apital higher taxes on capital gains and the white house wants to raise $584 billion aver 10...
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Dec 14, 2012
12/12
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. $82 billion that does not even test the deficit. lou: i think the speaker stepped up big time. the clearest his message has been. with the visually that he had showing that the real problem is spending which we have been saying incessantly from the beginning, i think he took -- by really think he sees the high ground in this negotiation. >> i hope he meant to today. when you look at the last four years, president obama has generally talked a good game about wanting to work with republicans across the aisle, deal with entitlements. every time the republicans run toward him like your little puppies ready to negotiate in good faith, and every single time the president pulls the rug at the very end. lou: breaking our hearts. >> breaking hearts. this time around coming immediately after the election he feels like he does not hold any cards. i was heartened to hear what he had to say. really hope he means it can and i hope he is willing to stick to his guns. already put nearly a hundred billion of revenue on the table. now he's going to be talking about spending. it's a little late i
. $82 billion that does not even test the deficit. lou: i think the speaker stepped up big time. the clearest his message has been. with the visually that he had showing that the real problem is spending which we have been saying incessantly from the beginning, i think he took -- by really think he sees the high ground in this negotiation. >> i hope he meant to today. when you look at the last four years, president obama has generally talked a good game about wanting to work with...
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we're running such a huge deficit. unless he's a poker player and this is a bid to throw us off pace, that's not a serious proposal. we're not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a lot more than he's owing. >> neil: adam, i'm worried that they make a christmas treeut of this and throwing more and more ornamts because it's the next legislation that we're cobblingogether we might as well put some spending in there. in this case, a minimum of 50 billion others like chuck scmer talked not trying to find a way to wiggle half a trillion dollars for another construction effort here, and on and on and on. >> well, of course, unfortunately, neil, i should say for better or worse, the way you're describing it is in fact the way it works, that's how the christmas tree gets built and-- >> you don't find it ironic, part of a year end fiscal cliff avoider meant to address spending includes measures that hike spending? >> well, you'll getting there. i mean, i think it's curious to-- >> w
we're running such a huge deficit. unless he's a poker player and this is a bid to throw us off pace, that's not a serious proposal. we're not dealing with this seriously at 1600 pennsylvania avenue and he owes the population a lot more than he's owing. >> neil: adam, i'm worried that they make a christmas treeut of this and throwing more and more ornamts because it's the next legislation that we're cobblingogether we might as well put some spending in there. in this case, a minimum of 50...
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Dec 19, 2012
12/12
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FBC
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you can raise and lower taxes, not going to impact on the deficit. actually, if you lower them intelligently, you might grow the economy and maybe grow your way out of the deficit, but the fact is we have to restrain spending, restrain spending by 10% or 15% a year, and until we do that, we're heading for a disaster. obviously, we're not going to do it. the president has no ability to control his party to do it. i don't think the president wants to do it. i mean, it's -- it's a terrible, terrible mistake that we're going to see the results of three, four, five, six years from now, and the children will pay the price for a very, very long time. it's a president with no understanding of our economy, none. neil: all righh. we'll see what happens. mayor, thank you again. >> thank you. neil: as alts. -- as always. it's one to one now, and, by the way, that's if we're lucky. the senator who is not at all happy. the capital one cash rewar card giveyou 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm
you can raise and lower taxes, not going to impact on the deficit. actually, if you lower them intelligently, you might grow the economy and maybe grow your way out of the deficit, but the fact is we have to restrain spending, restrain spending by 10% or 15% a year, and until we do that, we're heading for a disaster. obviously, we're not going to do it. the president has no ability to control his party to do it. i don't think the president wants to do it. i mean, it's -- it's a terrible,...
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Nov 21, 2012
11/12
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the reality is no amount of taxation of any is going to save us from this incredible deficit. melissa: i hear you and i agree with you, but that message, feels like by virtue of the last election the rest of the country is not agreeing with that. >> i think time will prove this is right. the president has to look at legacy, he is the worst president in all of american history if the economy continues on a crash course as it is right now. the real opportunity is just presenting itself for folks in the tea party where we can say cutting spending is the only answer. if you tax everybody that obama is talking about taxing, the most you could cut off the deficit is 5%, something insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrati
the reality is no amount of taxation of any is going to save us from this incredible deficit. melissa: i hear you and i agree with you, but that message, feels like by virtue of the last election the rest of the country is not agreeing with that. >> i think time will prove this is right. the president has to look at legacy, he is the worst president in all of american history if the economy continues on a crash course as it is right now. the real opportunity is just presenting itself for...
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. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we mention obama ape lot. he hasn't helped the numbers. but when you look at enment spending it goes up under a republican president. he can go in this and blame the republicans. >> i didn't know there was a entitlement creep. maybe i got you wrong. >> it is it an itch. >> and john, what abouthis. we have a budget if you can call it a budget that includes tax increases and no cuts at all from our treasury security. >> the tax increase aspect is ridickulous. we have a spending problem . you look at entitlements. i think it is i i don't they should exist. we did make promises and so the ide
. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we...
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when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being fiscal managers for the united states. when you think about that, $20 trillion in four years. if you paid off a dollar a second you're talking about 670,000 years to pay is tough. the response is impractical, and when you look at the biggess growth which is entitlements and think about the dynamic shift in the demographics, people are getting older, living longer, the costs attributed to that with less workers, our population is not growing at much to mike catastrophic. if they don't do something realistic to curb spending problem. lou: as of tonight it looks like there is nothing realistic going on in washington d.c. imagine that. it is great to talk with you. i hope he will come back soon and often. amazing, as you saw. editorial cartoonist. up next ralph nader headlines a triumvirate of angry liberals over the weekend. we will have that str
when you think about it, the deficits cast, over a trillion dollars for the next four years. freckly this will add $80 billion a year. it is nonsense. it is a parody of reality, and the blood is not responsible about their duty is being fiscal managers for the united states. when you think about that, $20 trillion in four years. if you paid off a dollar a second you're talking about 670,000 years to pay is tough. the response is impractical, and when you look at the biggess growth which is...
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Nov 15, 2012
11/12
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FBC
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how much would that contribute to solving our problems with the debt and deficit? >> very little. one thing, the pure numbers of all. he likes to talk a lot about math. having the top two grades expired gives you 442 billion of the next two years, which is a lot of money, but it's nothing close to the one that and a half trillion he claims it needs and nothing goes to the one half trillion dollar deficit is turning every year. if you're looking to see whether rest of that money is coming from, it's the middle class. you must tell you he can get it all for people making over 250,000 year. the cancer. he wants to talk about nafta many stone up to it. the middle-class is going to be taking a hit as well. gerri: we have a long way to go. everybody says they are in charge. my true belief is nobody is. thank you for coming on. i appreciated. all right. can both sides come together and get a deal done? can we reach a grand bargain? running me know republican congressman. welcome to the show. you have been with us before. we were talking a little earlier about how democrats are trying to
how much would that contribute to solving our problems with the debt and deficit? >> very little. one thing, the pure numbers of all. he likes to talk a lot about math. having the top two grades expired gives you 442 billion of the next two years, which is a lot of money, but it's nothing close to the one that and a half trillion he claims it needs and nothing goes to the one half trillion dollar deficit is turning every year. if you're looking to see whether rest of that money is coming...
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pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of th house unveiling -- on dealing with the fiscal cris one more time. >> in many homes across america ad is a very, very lean time. you cannot cut your way to ficit reduction. lou: toay said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary of reducing spending. >> the european community now is concerned about all the austerity. there are many, many things you can do to reduce dbt but still have a stimulus aspect of the economy. >> that -- lou: the senate's top democrat lieves we should return to europe for inspiration and guidance for fiscal policy, taking greece, perhaps, as a standard for dealing with econic a budget crises. the speaker did a charge the president is slow walking the nation to the brink of a fiscal cliff. that is one of the speakers firmest in the strongest statements yet. >> this is in a progress repor
pelosi says we cannot get our way to deficit reduction. listen to the top democrat in the house of representatives, the former speaker of th house unveiling -- on dealing with the fiscal cris one more time. >> in many homes across america ad is a very, very lean time. you cannot cut your way to ficit reduction. lou: toay said minority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary of reducing spending. >>...
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Dec 11, 2012
12/12
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FBC
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the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillionn deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, allght? we're going to get2.2 bilion in t spending of this country. let me repase that. that'll be a $2.2 trillion reduction in the totallanned spending. the growth of our spending will alter, it'lle just about that line right there. we're potentially oking at the republican plan, well, in 2020, i guess the best way to show you isust how tough it is. we'll only have a deficit and a debt, a national debt under the boehner plan -- remember, this is the o plan, is is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate b
the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillionn deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, allght? we're going to get2.2 bilion in t spending of this country. let me repase that. that'll be a $2.2 trillion reduction in the totallanned spending. the growth of our spending will alter, it'lle just about that line right there. we're potentially oking at the republican plan, well, in 2020, i guess the best...
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137
Dec 20, 2012
12/12
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FBC
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they have been far apart sice summer of 2011 will cut the deficit superhuman i couldn't agree on anything. that is why we are getting a situation that with the sequester. what is becoming clear to people is that for the republicans, it is in part to the tax increases, but the house, it is the fact that the democrats won't commit on sunday. so they are being asked to make a hard commitment on tax increases that ar real. the one we know exactly how that goes because we have seen a before. >> yes, that song and dance has been heard before. but i would argue that if there is a pn in place by december 31, it won't matter. when you look 10 years now, according to the republican plan, there will be x amount of debt. this isn't solving anything. i would question dan to say, he's right that obama won't commit on spending, but the republicans also what about details. if they really believe that spending is the problem, they ought to lay out what they are going to do. what are they talking about? a trillion dollars? >> i think they are committed to making adjustments to medicare and to medicaid and
they have been far apart sice summer of 2011 will cut the deficit superhuman i couldn't agree on anything. that is why we are getting a situation that with the sequester. what is becoming clear to people is that for the republicans, it is in part to the tax increases, but the house, it is the fact that the democrats won't commit on sunday. so they are being asked to make a hard commitment on tax increases that ar real. the one we know exactly how that goes because we have seen a before....
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have four years without a budget, three years without a budget -- three years with a trillion dollar deficit. so we are talking about a problem that needs to be solved with massive spending cuts on the table. neil: i don't know what is really happening behind the scenes. but i do know that these overtures and hands that you get from the white house that the president is open and willing to consider spending cuts -- i don't know what the truth is. the other thing on this middle ground, the tax thing -- letting the difference of 37 or 38%. giving the appearance tat there is a middle ground being found here, do you believe that? >> if you look at the middle ground and what is reported, they are giving specics on taxes, but not stunning. they are saying that those tax cuts will happen 10 to 20 years from now. that is saying that congrs at that time, 10 years from now, is going to agree with the spending cuts. listen, we are in this situation because coogress could not even agree on spending cuts your way when the sequester was going into effect and they failed as a super committee in november. t
have four years without a budget, three years without a budget -- three years with a trillion dollar deficit. so we are talking about a problem that needs to be solved with massive spending cuts on the table. neil: i don't know what is really happening behind the scenes. but i do know that these overtures and hands that you get from the white house that the president is open and willing to consider spending cuts -- i don't know what the truth is. the other thing on this middle ground, the tax...
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there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts,
there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it...
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Dec 6, 2012
12/12
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MSNBC
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and it is, over the long-term, projected to be the biggest contributor to deficits down the road. which mean people in the country, voters everywhere, love medicare and do not want it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium support instead of privatizing medicare, and structural medicare reform instead of raising the eligibility age. now, remember the context for all this. this is important. remember that phrase we first started hearing at the start of the health reform debate, which may be apocryphal, "keep government hands off my medicare." the big tea party uprising was in large part a reaction to the idea, quote/unquote, of socialized medicine. it was the affordable care act, and the government, quote, takeover of health care, that fanned the flames of the post-obama tea party protest. but, of course, most of
and it is, over the long-term, projected to be the biggest contributor to deficits down the road. which mean people in the country, voters everywhere, love medicare and do not want it to be cut. and wonks in washington, d.c. spend their time trying to figure out how to cut medicare. both democrat and republican. and with this very thorny contradiction in mind, politicians and think tank analysts and the like have developed a whole secondary-coated language to talk about medicare. so premium...
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Nov 18, 2012
11/12
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FBC
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now, you're going to say, we're going to add a deficit? in that case, let's leave taxes low, let's keep spending high, i mean, the whole idea is we've got to stop this out of control deficit, this out of control debt. what senator schumer is proposing is exactly the wrong idea. >> and now entitlements leave them alone and dagen, go on and on and on. >> the argument we need to stimulate growth. you'll hurt growth if you raise taxes and it gets back to what we've seen all along, we will raise your taxes 'cause we, the government, and the lawmakers, can spend your money better than you can spend it yourself, because they know better. it doesn't make any sense. it's upside down, backwards, like spinning around and around logic and that's the way they think. >> i don't see much progress here then. and i see, chaie gasperino, when all is said and done, that if the markets don't sell off on the lack after deal they sell off more on this kind of a deal. >> what we should point out. when mitt romney had a bright, shining moment during the first deb
now, you're going to say, we're going to add a deficit? in that case, let's leave taxes low, let's keep spending high, i mean, the whole idea is we've got to stop this out of control deficit, this out of control debt. what senator schumer is proposing is exactly the wrong idea. >> and now entitlements leave them alone and dagen, go on and on and on. >> the argument we need to stimulate growth. you'll hurt growth if you raise taxes and it gets back to what we've seen all along, we...
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Nov 24, 2012
11/12
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FBC
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naturally is part of the deficit-reduction discussions. the group supporting the attack site include state highway officials, road builders, trucking associations, the simpson-bowles planner it proposed raising the tax as well. there's another tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to your wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, it will hit so many folks, 90% of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise taxes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attenti
naturally is part of the deficit-reduction discussions. the group supporting the attack site include state highway officials, road builders, trucking associations, the simpson-bowles planner it proposed raising the tax as well. there's another tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to your wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk...
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Nov 19, 2012
11/12
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the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify the tax code. john: that means eliminating deductions. i cannot see them agreeing pension contributions, a mortgage, at gillibrand, a charity, earned income tax credit, they will not give that up. >> they could put a cap robbie suggested that is appealing to the democrats and maybe republicans. john: 20% of the budget and fiscal spending cuts comes from the military. you are not day defense specialist let's bring in benjamin friedman from the cato institute. it is terrible. the republicans are hysteric
the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation...
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Oct 3, 2012
10/12
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. >>> millions of the dollars in deficit. in eight minutes the south bay city hoping to outsource their police department. >>> and back here in just a few minutes it was really hot today. we had record heat but things are changing around. i will let you know how much cooler it's going to be in i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ >>> there's another product recall to tell you about tonight involving potential salmonella contamination. the centers for disease control says there are no confirmed cases here in the united states yet. costco says it pulled its supplies yesterday when it got word of the possible contaminatio
. >>> millions of the dollars in deficit. in eight minutes the south bay city hoping to outsource their police department. >>> and back here in just a few minutes it was really hot today. we had record heat but things are changing around. i will let you know how much cooler it's going to be in i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put...
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Nov 24, 2012
11/12
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FBC
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he forecasted a $1.3 trillion deficit. th so that means, if i can figure this out, $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion left for next year. our national deficit iss big pl $16 trillion. everybody knows that. the president's bignt plans, he just wants $1.6 trillion in new taxes.t here is how he wants to get there. first he wants to raise 849 billion. by allowing the bush tax cuts -y there they go. taking him away.f the very first of december of this year. incom incomes of more than $250,000, 849 billion includes 206 billion in higher taxes on dividends. $123 billion on limiting i'm itemized deductions.pital higher taxes on capital gains. then they want to raise another$ $534 billion over 10 years.ten b excuse me,y over two years, by using tax rates.e mortgage payments and -- oh, by the way, that might have ane evr impact on the housing industryby and that could get everybody excited. we have something good going, so mones squash that. the rest would come from raising taxes on commodity traders,
he forecasted a $1.3 trillion deficit. th so that means, if i can figure this out, $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion left for next year. our national deficit iss big pl $16 trillion. everybody knows that. the president's bignt plans, he just wants $1.6 trillion in new taxes.t here is how he wants to get there. first he wants to raise 849 billion. by allowing the bush tax cuts -y there they go. taking him away.f the very first of december of this year. incom...
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we go the to 2010, 2011, 2012 it adds up close to where our deficit is. neil: a very good pnt. i wish we had more time. b s little time. more after ts. i ierrupt, you interrupt, and i ierrupt, you interrupt, and then you sende all sorts of you know how painful hearn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blocktomach acid from splashing up- relievinghe pain quickly. t fast, long lasting gaviscon®. relievinghe pain quickly. 7,000 students droout every school day. that's a line of desks more than 4 miles long. keep students in school. visit boostup.org and take the firsttep. >> rememr the-mails abouttmy interruptions? i read it through of flurry of commons that interru y too much. that dot dozens of peopl fired . for thospeople w rate the mean matte are not. >> i love you bled if interrupting people was money would be a millionaire. >> how couldnybody
we go the to 2010, 2011, 2012 it adds up close to where our deficit is. neil: a very good pnt. i wish we had more time. b s little time. more after ts. i ierrupt, you interrupt, and i ierrupt, you interrupt, and then you sende all sorts of you know how painful hearn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps blocktomach acid from splashing up- relievinghe pain quickly. t fast, long lasting gaviscon®....
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and that social security has nothing to do with the deficit. it is solvent and until 2037. medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead and raise taxes. say we do that. that doesn't get us close to solving the problem. i mean we still have $16.3 trillion in debt. we are still running $4 billion a day beyond what we're making. we this huge problem in this country. if it was a house you would throw uppyour arms in distress say, my god, we can never pay all these bills. that is sort of the point. >> i'm not in distress on that. first of all with the tax rrlief for 98% of the americans, we'll turn a reasoned amount of a trillion upwards back into the treasury. that is the first step. secondarily, a lot of economists will m
and that social security has nothing to do with the deficit. it is solvent and until 2037. medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead...
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Dec 6, 2012
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, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it is also super unpopular. look at this. almost 70% of americans say they oppose raising the eligibility age for medicare. that number is slightly higher among republicans than it is for the general population. more republicans oppose john boehner's plan than the already extremely high margin of the general public that opposes john boehner's plan. now, if you're following the news very closely in this slow-motion, groundhog day-esque political negotiation, maybe yoç already knew that john boehner wants to raise the medicare eligibility age. but if you just sort of glanced at john boehner's actual letter to the president with his p
, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it is also super unpopular. look...
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last i looked at the trade deficit, we were, again, lagging and uke sking popped water. there's arising deficit stripping our gdp. >>nd right now europe is in a relative deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. w long will that be the case if we go over the cliff? >> won't be the case for long if we have a recession followed by a typical bear market. lou: how long to get to recession -- >> we can get there pretty quick. in fact, some of the down downdrafts are starting to form. we saw those in the q3 gdp numbers were sinking into @%ntraction. lou: 2.7 -- >> employment reports gnar november and december, not surprised if gains in private sector payrolls are well over 100,000 new jobs. lou: that would not be good. baseline at least, i think, for passable is 125. what's your judgment? >> about the same, okay, that's a c-minus grade, get a "c" if we hit 150. lou: might s
last i looked at the trade deficit, we were, again, lagging and uke sking popped water. there's arising deficit stripping our gdp. >>nd right now europe is in a relative deep recession. we're still above water. lou: you jumped all over the punch line because you talk about things not making sense. folks, this is not making sense. i'm delighted because people have wealth left in the equities market, the bond market. w long will that be the case if we go over the cliff? >> won't be...
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Oct 17, 2012
10/12
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CURRENT
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in my view, deficit reduction is an important issue. but the way you address it is say to the wealthiest people in this country who are doing phenomenally well at a time when we have the most extreme income inequality of any major country on earth with the top 1%, only 42% of all wealth in america we have to say to the millionaires and billionaires, sorry, you're going to have to pay more in taxes to help us deal with deficit reduction. we're not going to balance the budget on the backs of the elderly, the children, the sick or the must vulnerable people in this country. that's going to be a huge debate the day after and i hope people get involved in it. >> stephanie: absolutely. >> no one is a better advocate for those issues than you. so thrilled to talk to you senator. thanks so much for your time. senator bernie sanders. ha ha! take that hartman! cheating on tom. gives me a little extra plesh. >> he chuckles with you. senator sanders not known as a chuckley guy. >> stephanie: dave in montana. >> caller: hi, how are you? >> stephanie
in my view, deficit reduction is an important issue. but the way you address it is say to the wealthiest people in this country who are doing phenomenally well at a time when we have the most extreme income inequality of any major country on earth with the top 1%, only 42% of all wealth in america we have to say to the millionaires and billionaires, sorry, you're going to have to pay more in taxes to help us deal with deficit reduction. we're not going to balance the budget on the backs of the...
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that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit in excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that'sbout 8% of that deficit. so does that suggt we have a tax problem or, perhaps, a spending problem? think about this taxpayers making more than $250,000 representing the top 2% paid more than 46% f all texas. that would seem like a pretty fair deal to most of us, but the president says it is not fair. we don't know what that number is. how much should it be? and contrary to what the president would have you believe as he campaigns untack sites all around the country and against the wealthy, he's doing a lot of that. the bush tax rates are not the root of our problems. in fact, individual tax payments rose, get this, $2,303,000,000,000 or 26%. over the past tw
that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit in excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have incomes over $250,000. the top 2%. that would bring in $802 million, $82 billion. that'sbout 8% of that deficit. so does that suggt we have a tax problem or, perhaps, a spending...
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Nov 16, 2012
11/12
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we have had trillion dollar deficits for the last four years. they are protecting the trillion dollar deficits for the next four years. lou: when we come back and i want to talk to you about benghazi, petraeus, and the degree to which we should expect anyone to pay attention to what would be the impact if the president has his way on taxes and thhouse republican leadership paid-in and simply accede to his wishes without concerning themselves with the consequences. we will be right back with monica crowley and ron in just a moment. what role will the united states play? we will be talking with k.t. mcfarland about that. general p lou: it looks like we are fully prepared to widen hostilities. and frankly, we are talking about a widening war. >> yes, it will take a long time to get israel's enemies act out. this will end up, and i hope i'm wrong about this, this will end up being where america's enemies perceive a second term from another four years -- he had just our allies and embraced her enemies. you deal with the mouse, they are going to log o
we have had trillion dollar deficits for the last four years. they are protecting the trillion dollar deficits for the next four years. lou: when we come back and i want to talk to you about benghazi, petraeus, and the degree to which we should expect anyone to pay attention to what would be the impact if the president has his way on taxes and thhouse republican leadership paid-in and simply accede to his wishes without concerning themselves with the consequences. we will be right back with...
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. >> first of all, we don't have the money to pay for the pt two deficits. i don't believe weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not st the government money. it doesn't mean it passes or have other effects. neil: cost money? >> not economy, but it will not look like they need o spend to solve the problem if that's the way it es. neil: [inaudible] >> yeah, we're broke. we're turn your pockets inside out, it's over. no money. neil: you got the point across. thank you, both, very much. washington, we have a problem. don't think so? here's it's straight from the real guys behind this, after this. ♪ >> in is hoton, say again, please. >> houston, we have a problem. we have a main bolt, we have a lot of thruster, activity, houston. houston. just went offline. having you ship my
. >> first of all, we don't have the money to pay for the pt two deficits. i don't believe weevil have the money for the current spending related to sandy. there's not a tax for that, pretty sure. to the point to have the additional costs which would have to be hundreds and hundreds of billions of dollars, where's that's coming from? unless they use taxes on fuels to be the solution, that, at least, in theory, does not st the government money. it doesn't mean it passes or have other...
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every step that you can take to reduce the deficit is good. you negate the large ones and that's why they are not able. it is it simpson bowles. is it there forever. noven them grabbed it or used it and coming up. unable to pay back. unable to pay back. it is the first time everybody [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> college loans getting a failing grade. initiative deling quent student loan are surssing the deling quent credit card bances. >> it bothers me on so many levels and not because of my three kids going to college. we have an economic issue. kids are coming out of college and no job to pay off the loan. their disposable income is lower. they will be living at home . can't bay the f
every step that you can take to reduce the deficit is good. you negate the large ones and that's why they are not able. it is it simpson bowles. is it there forever. noven them grabbed it or used it and coming up. unable to pay back. unable to pay back. it is the first time everybody [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go....
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Dec 23, 2012
12/12
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CNNW
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to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves
to reduce the deficit more than any other deficit reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been...
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Nov 14, 2012
11/12
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dollar, thanks to the deficit, that he is asked the state legislature to pay his salary in gold. representative jerry o'neill joins me now by phone in a fox business exclusive. thanks so much for joining us. did you hear that last conversation by the way? >> yes i herd most of it. very frustrating. >> how do you feel about that? this is sort of, this is the stalemate. this is the position that we're in. everybody thinks they have contributed and don't want to have anything more. i feel like we'll fly off the cliff. >> we have only got two choices. one is the federal government is going to tighten their belt and pay down the debt. or two, they're going to continue running up the debt like they're doing now and we'll go bankrupt. if they tighten their belt and pay down the debt we'll be hungry but at least we'll pass freedom on to our kids. if they continue on like now, i don't know who will take over the government in the next 10 years. melissa: i just don't understand. if this were my household i was staring down the barrel of this problem i would say, listen, guys, we have to sp
dollar, thanks to the deficit, that he is asked the state legislature to pay his salary in gold. representative jerry o'neill joins me now by phone in a fox business exclusive. thanks so much for joining us. did you hear that last conversation by the way? >> yes i herd most of it. very frustrating. >> how do you feel about that? this is sort of, this is the stalemate. this is the position that we're in. everybody thinks they have contributed and don't want to have anything more. i...
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Nov 27, 2012
11/12
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taxes. >> i want to reduce the deficit. you're absolutely wrong. i want to reduce the deficit j why are you afraid the fiscal cliff? >> because larry elder i believe that cutting spending will help grow the economy. i also believe a flat tax will help growth economy, but larry elder, my beef right now is it's all about revenues and tax rates and so forth, and i want lower spending because i think that's progrowth, larry elder. >> less money should be taken from the pockets of the american people, whether you're talking about deductions or loop hole, however you do it. less money should not -- should be taken from the american people, not more, and christiana roma said raising taxes is contractionary, lowering taxes section pangsry. one more time why do it at all? >> exaccuse me, larry. >> two things. there's a political reason and there's a policy reason. the political reason is we had an election. the american people decided tax rates were going to go up for the top 2% of income earners. the republicans tried the alternati
taxes. >> i want to reduce the deficit. you're absolutely wrong. i want to reduce the deficit j why are you afraid the fiscal cliff? >> because larry elder i believe that cutting spending will help grow the economy. i also believe a flat tax will help growth economy, but larry elder, my beef right now is it's all about revenues and tax rates and so forth, and i want lower spending because i think that's progrowth, larry elder. >> less money should be taken from the pockets of...
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Nov 9, 2012
11/12
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washington is obsessed with the deficit but the deficit wasn't the first issue that he talked about. the first issue he talked about was creating jobs and the programs that he wants to push through for job training and community colleges and the like to help raise people's income and, again, i think that's very true to the constituency that elected him that, yes, people want the long-term fiscal problem solved but right now they are still interested in making sure this economy keeps moving forward. and, again, without claiming he has political capital, that's an issue where i think he's aligned not only with his own constituency but with a lot of other people, too. >> even in victory he reaches for consensus, chris. >> that's absolutely right. and he has gone above and beyond, no matter what the republicans say, he tried so hard to get republicans on board with health care to work with him time and time again and they just rebuffed him from the beginning. we'll see if they behaved this time around. >> we'll see. thank you for your time tonight. have a great weekend. >> thanks, you to
washington is obsessed with the deficit but the deficit wasn't the first issue that he talked about. the first issue he talked about was creating jobs and the programs that he wants to push through for job training and community colleges and the like to help raise people's income and, again, i think that's very true to the constituency that elected him that, yes, people want the long-term fiscal problem solved but right now they are still interested in making sure this economy keeps moving...
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. >> we are having the conversation because of the debt and deficit levels that the country is facing . someone on the democratici side saying keep them and extend . republicans saying we have to cut somewhere. that's a real discussion. >> if i tld youhere was a program that cost you 30 billion and returned 18 billion to the economy and so had a net cost of 12 billion and supported 400,000 jobbings, you would say that is a good idea it is it not a matterf reducing the deficit because in congress we have people extending tax cuts that further blow a hole in the debt ceiling. >> i don't wt to be cruel, christian. i don't want to be curt. everydollar comes back a a $1.90 a. forget about the stock market and investing and put our money in unemployment benefits. its it resting on a complete fallacy of economics that conequals wealth. it is the same that pelosi and you. cash for clunkers and house stimulus . shov ready stimulus jobbings. >> johthon why don't you listeto mark sand zandy of moody who advised john mccain's presidential anything. it is nhing to do with a progressive position it
. >> we are having the conversation because of the debt and deficit levels that the country is facing . someone on the democratici side saying keep them and extend . republicans saying we have to cut somewhere. that's a real discussion. >> if i tld youhere was a program that cost you 30 billion and returned 18 billion to the economy and so had a net cost of 12 billion and supported 400,000 jobbings, you would say that is a good idea it is it not a matterf reducing the deficit...
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Nov 22, 2012
11/12
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if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need help. are they out of money because their and our people in disaster situations? are they just bad at managing it? >> two reasons, and you mentioned them both. the first is that people build houses on flood prone areas, beaches, next to reverse. they only pay a couple hundred dollars a year for flood insurance. the taxpayer bells them out of literally and figuratively out of these floods because let's say $300 a year. they did bailed out to the tune of tens of thousands of dollars by the federal government when a disaster strikes. if you kind of sou
if you look at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need...
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Nov 29, 2012
11/12
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for those of us that realize barack obama owns the economy, the deficit, owns everything, and as things get worse you can blame him for his failed policies. but if they're going to go back, in this case tom hartman is going to blame ronald reagan -- well, there's never any hope of not blaming george bush. listen to this. >> black friday in reality is a symptom of the plight that 30 years of reaganomics brought to america. we've been steadily, the last 30 years, watching the destruction of organized labor, labor unions. we have black friday today because the wealthy elite have strangled their workers for 32 years. ever since ronald reagan's election. >> sean: forget those eight years of clinton and four years of obama, it's reagan's fault. it's reagan's fault that on black friday people are killing themselves at victoria's secret. >> they're going after capitalism. the kids are being taught this stuff in school. it really is incredible. the crisis of capitalism. that's really what they're after. that's a core issue. >> sean: yeah, but there's a common theme, that all the troubles in the
for those of us that realize barack obama owns the economy, the deficit, owns everything, and as things get worse you can blame him for his failed policies. but if they're going to go back, in this case tom hartman is going to blame ronald reagan -- well, there's never any hope of not blaming george bush. listen to this. >> black friday in reality is a symptom of the plight that 30 years of reaganomics brought to america. we've been steadily, the last 30 years, watching the destruction of...
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Dec 19, 2012
12/12
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the boehner had $600,000 and entitlement reform, yes, he could. >> this does not get us a deficit reduction. if this is how they want to play the game, by missing a huge opportunity, all right. you know who loses? >> andrea: we do. >> yes. >> a marine who served in iraq and afghanistan is languishing in one of the most dangerous prisons in mexico on trumped up charges. so why isn't the u.s. government stepping in eric has that story up next. ♪ ♪ ♪ ♪ >> eric: welcome back. now to a story we had been all over had we not been busy covering the tragic connecticut massacre. marine hammer held behind bars in a mexican jail for four months. he and a buddy were headed to mexico to hunt and fish. they brought a gun with him in a r.v. and hammer was told by the agent to declare the rifle to mexican agents, which he did. at that time, hammer was arrested. that was august. this is a u.s. marine, change to a bed in a mexican prison. disgusting. now listen to his parents. >> this is wrong. do the right thing. he should be released mealy. she not a gun runner. you know it. >> eric: where is eric h
the boehner had $600,000 and entitlement reform, yes, he could. >> this does not get us a deficit reduction. if this is how they want to play the game, by missing a huge opportunity, all right. you know who loses? >> andrea: we do. >> yes. >> a marine who served in iraq and afghanistan is languishing in one of the most dangerous prisons in mexico on trumped up charges. so why isn't the u.s. government stepping in eric has that story up next. ♪ ♪ ♪ ♪ >>...
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Nov 26, 2012
11/12
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FBC
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only 8% of the trillion dollars deficit why risk slowing down the economy, which a lot of people say might happen if you increase taxes why slow the economy for such a collectively small amount of money? >> first thought don't think it is a small amount of money. we need a balanced approach. david: uribe 2% of the deficit unfunded if you do that. >> to look at the president's budget, what he proposes is raising $1.6 trillion proposing spending cuts as well, combination of which would put us on a sustainable path in the economy in the long run. what we should avoid doing is having gridlock, not extending the middle-class tax cuts would wish on our report today is if the middle-class tax cuts are not extended that will cause consumer spending to fall by $200 billion next year. that'll be an awfully big hit to the economy. liz: to a for somebody economic council, physically says middle-class tax cuts on consumer spending, everybody spends. how do we come to this agreement, we keep hearing left the tax cuts they now warren buffett came out with an op-ed in "the new york times" say saying
only 8% of the trillion dollars deficit why risk slowing down the economy, which a lot of people say might happen if you increase taxes why slow the economy for such a collectively small amount of money? >> first thought don't think it is a small amount of money. we need a balanced approach. david: uribe 2% of the deficit unfunded if you do that. >> to look at the president's budget, what he proposes is raising $1.6 trillion proposing spending cuts as well, combination of which...
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Dec 7, 2012
12/12
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the american indian tribe and they honored the president by giving him his own indian name running deficit. [ laughter ] >> the nation's debt is no laughing matter. lou dobbs will tell you why we are all in grave danger because of out-of-control government spending. three wise men, what did they do? >> jesse watters quizes the folks about christmas. >> they brought frankincense, miles an mur and. >> baby diapers? >> a wild wild waters world upcoming. >> caution, you are about to enter the no spin zone from california. factor begins right now. hi i'm bill o'reilly reporting from los angeles, thanks for watching us tonight. i'm here to do the leno program this evening. during the long flight across country, i had a chance to analyze something very important to you. all of us needs to wise up and fast. you may have heard the story of new york city police officer who spent $100 of his own money to give bare foot man some boots. that man jeffrey hillman lying in the street when officer deprimo spotted him. >> it was extremely cold that night and you see this gentleman i tried to offer him to bu
the american indian tribe and they honored the president by giving him his own indian name running deficit. [ laughter ] >> the nation's debt is no laughing matter. lou dobbs will tell you why we are all in grave danger because of out-of-control government spending. three wise men, what did they do? >> jesse watters quizes the folks about christmas. >> they brought frankincense, miles an mur and. >> baby diapers? >> a wild wild waters world upcoming. >>...
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Dec 10, 2012
12/12
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have said i would work with republicans on a plan for economic growth, jobs creation and reducing our deficits. and have some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid today as well. everybody is talking but we don't have a deal yet. tracy: is anybody talking about spending or entitlements, peter? >> they're making it pretty clear. one statement we got from speaker john boehner's office today was that the republicans continue to wait for the president to make specific proposals for cutting spending.3 that is what they want. tracy: we don't sound any closer to me, but again i am skeptical. down in d.c. >> great, thanks. traay: the president is going to @ompromise as peter just said. what are republicans willing to compromise on. we have got to ask mike lee of utah. i am sorry i
have said i would work with republicans on a plan for economic growth, jobs creation and reducing our deficits. and have some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid...
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Dec 26, 2012
12/12
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christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york area, still without homes because of hurricane sandy, volunteers tried to deliver holiday spirit, handing out food, toys and blankets at relief centers. >> people came out to help people. you can't put a price on that or buy that either. >> reporter: in places spared direct tragedy americans marked it with their own ways keeping those less fortunate in their thoughts. >> when people are suffering and going through hardship, many, many people come to offer their help in whatever they can do. >> reporter: across the nation, americans attended church services and spent time with family and friends. at the mitchell home out
christmas should be a day of joy and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in...
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Nov 19, 2012
11/12
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CNBC
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this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold, it's going to be a rocky, rocky road. >> so you're saying closing the loopholes alone brings it to a trillion. >> if you're willing to wipe out all of them, and that may not be political feasible, but you can definitely solve the problem by broadening the base, simplifying the code and getting rid of the tax expenditures. >> it upsets me you're worried we're not going to get a deal because that's how i felt. >> i think there is a one-third probability we'll get a deal in lame duck, one-third we'll go over the cliff and reach a deal right afterward but there is that one-third chance we won't and end up in chaos. >> we have felt for weeks and months no one would be dumb enough to let this happen and now they can see that it is indeed possible, to be as dull witted as possible this could happen and now they finally soared up. they were p
this week, i spoke with alan simpson and erskine bowles, authors of a deficit reduction plan about what needs to be done. >> you can't tax your way out of this. you can't cut spending your way out of this. you can't grow your way out of this. so grab hold, it's going to be a rocky, rocky road. >> so you're saying closing the loopholes alone brings it to a trillion. >> if you're willing to wipe out all of them, and that may not be political feasible, but you can definitely...
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Dec 13, 2012
12/12
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FBC
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lou: more on fiscal cliff, and fact that nobody plan achieves real deficit reduction, we'll take up that. stay with us. >> someone in dc is focussed on job, fed chairman ben bernanke pledging more easy money to cut the unemployment rate. what does the economy look like in the new year, wells fargo chief economist, john silvio next. lou: chairman ben bernanke made a historic move sitting unemployment rate as a target for monetary policy. we'll be taking that up, talking with wells fargo chief economist john silv sylvia in moments, and announcing they will spend -- a month buying mortgage-backed security. what the market expected and stocks rallied a bit on the announcement, a little. then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the
lou: more on fiscal cliff, and fact that nobody plan achieves real deficit reduction, we'll take up that. stay with us. >> someone in dc is focussed on job, fed chairman ben bernanke pledging more easy money to cut the unemployment rate. what does the economy look like in the new year, wells fargo chief economist, john silvio next. lou: chairman ben bernanke made a historic move sitting unemployment rate as a target for monetary policy. we'll be taking that up, talking with wells fargo...
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Nov 22, 2012
11/12
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FBC
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eye 81
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most impressive things is i don't really think the american people really care that much about the deficit. they certainly didn't vote as if they did. when it comes to these entitlement programs, no matter what your party is and whether you agree with paul ryan or not, he did put bold initiatives to try to bring these costs down and people rejected it. i thk we took a step back in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into social security and i deserve that. i don't see how medicaid can hold out. i think that's going to collapse a lot sooner than any economist we be forecast. >> there's a good reason why i agree with you. that may be the fastest entitlement program. here is the reason why. not because it's bankrupting washington, because they have been for 15 years. the reason is because it's bankrupting the state. states pay about 40% of the cost and every governor that i talk to, they say that we can't afford this anymore. it is becoming the top of our budget. i agree with you. that could be the program that we fix first. charl
most impressive things is i don't really think the american people really care that much about the deficit. they certainly didn't vote as if they did. when it comes to these entitlement programs, no matter what your party is and whether you agree with paul ryan or not, he did put bold initiatives to try to bring these costs down and people rejected it. i thk we took a step back in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into...
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Dec 20, 2012
12/12
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FOXNEWSW
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when you look at what is happening in america, in this economy, the record deficits and the out-of-control spending -- >> greta: is that in plan "b"? >> tell come -- >> greta: well, now that's the problem. you say it will come. this is what bothers me, maybe i'm the only one -- >> no, no,. >> greta: i'll tell you, you have own known for 18 months that this is the problem, we are coming to the fiscal cliff. everyone knew t. we are now at the point where we are about to fall off the cliff and there is this rush to try to do something, but even if you do something, it doesn't meet the long-term problem and you say, that will come. how long do americans have to wait for the republicans and the democrats to come up with something that really does put us on a path? >> i -- the americans do want us to address the big issues, the pressing problems. they -- they are demanding it of us -- >> greta: why -- >> that's what the republicans want to see happen. the republicans want to address the spending as well as the tax rates. and we have been -- you know, the day after the election, speaker boehner w
when you look at what is happening in america, in this economy, the record deficits and the out-of-control spending -- >> greta: is that in plan "b"? >> tell come -- >> greta: well, now that's the problem. you say it will come. this is what bothers me, maybe i'm the only one -- >> no, no,. >> greta: i'll tell you, you have own known for 18 months that this is the problem, we are coming to the fiscal cliff. everyone knew t. we are now at the point where we...
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Nov 15, 2012
11/12
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FBC
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you will still be left with a huge deficit. it's going to have to mean cutting the federal budget. >> even if we increase the tax rates, the top 1 percent in this country makes seven timbers of the income. 37 percent of the taxes. so a fair share argument really is it -- lou: you're getting a again start out here. your last shot. >> mr. president, please, please work with the business counity. we want you to succeed, but you're putting impediments in our way and make impossible. we want you to succeed and we want to succeed. please work with us. lou: thank you for being with us. up next former cia director patraeus agreeing to testify. can we believe anything the ds to say? admiral james lyons has a few thoughts. president obama searching for a solution to solve our debt problem. let's see how it works out. is it in his favor? it will take a look. next by the numbers. for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with
you will still be left with a huge deficit. it's going to have to mean cutting the federal budget. >> even if we increase the tax rates, the top 1 percent in this country makes seven timbers of the income. 37 percent of the taxes. so a fair share argument really is it -- lou: you're getting a again start out here. your last shot. >> mr. president, please, please work with the business counity. we want you to succeed, but you're putting impediments in our way and make impossible. we...
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Dec 11, 2012
12/12
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FOXNEWSW
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we got a trillion dollar a year deficit. that alone won't solve the problem. we have to cut spending. we're going to have to do more. you know, we may not like it. you know, we may wish we didn't. we simply made promises we can't keep. we've got to face up to it and we've got to have a bold decision in order to make sure we put our fiscal house in order. >> sean: sadly we know all too well that cutting spending has become a foreign concept in america. a new congressional budget office report revealed that the federal government borrowed 46 cents of every dollar it spent this fiscal year. however that staggering number is not likely to sit well with an overwhelming number of men's. according to a brand-new george washington university poll 76% of those surveyed across america support across the board spending cuts. here with the very latest on the fiscal cliff showdown and america's fragile economy is the former new york city mayor rudy giuliani. how are you? >> how are you, sean? good to see you. >> sean: i just like to learn from people that have done success
we got a trillion dollar a year deficit. that alone won't solve the problem. we have to cut spending. we're going to have to do more. you know, we may not like it. you know, we may wish we didn't. we simply made promises we can't keep. we've got to face up to it and we've got to have a bold decision in order to make sure we put our fiscal house in order. >> sean: sadly we know all too well that cutting spending has become a foreign concept in america. a new congressional budget office...
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Nov 14, 2012
11/12
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united states on track for another trillion dollars deficit. is the country headed for wealth or poverty? the author of the book joins us. don't you love it? a lame duck session of congress, they're the ones who have to steer us away from the fiscal cliff. joining us tonight, governor joining us tonight, governor mike huckabee. the capital one cash rewards card gives you 1% cash back onll purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southernccent ] 50 percent more taters. that's where tots come from. [ male announcer ] the capital one cash rewds car gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. 50% more spy stuff. whwhat's in your wallet? this car is too small. u: congress returns to begin work on a busy lame-duck ssion. can we expect anything positive? lets talk with former arkansas governor mike huckabee here in a few moments anwe w
united states on track for another trillion dollars deficit. is the country headed for wealth or poverty? the author of the book joins us. don't you love it? a lame duck session of congress, they're the ones who have to steer us away from the fiscal cliff. joining us tonight, governor joining us tonight, governor mike huckabee. the capital one cash rewards card gives you 1% cash back onll purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar!...
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Dec 22, 2012
12/12
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CNNW
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tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how much they go up by tracking a basket of goods that americans typically buy. this is important because it's used to calculate cost of living adjustments and social security. checks pay a little more each year in line with inflation as calculated by that consumer price index. now, one potential flaw in the system, consumer price index assumes people don't change their basket, if, say, the price of meat goes up. in other words, they don't switch from meat to chicken because the price of beef has gone up. they don't switch from, say, arugula to, i don't know, iceberg lettuce. it doesn't account fo
tax hikes on the rich alone will not put all that much of a accident in the national deficit. you could take away every dollar from the top 1% earners and it wouldn't fill the gap. we heard earlier in the week about chained cpi, a suggestion john boehner made for his proposal. christine? >> chain cpi would change the way the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how...
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Sep 30, 2012
09/12
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KICU
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the a's come back from a 4-run deficit. it only took them one more inning to put it away. put it over the right field fence, the 3-run homer is number 21 on the year for moss. the 14th walk off win for the a's this year with the 7-4 win the a's trail the rangers by 2- 1/2 games in the west. oakland's number to beat three. players can probably smell the finish line but know they can't take their foot off the gas. >> there's the emotional part but i think once you get out there in the game, obviously if you're not 100% focused you start to realize you're getting beat a lot. teams get beat. >> that's not what we focus on. we focus on playing one game at a time. every game out there is the biggest game of the year. >> that's what's great about baseball. any time you're in the line up, any time you're on the mound you have a chance to make a name for yourself. and it's all about going out there every day and proving that. so maybe one day you guys will you know note a few of these names in here. >> heavy rains in texas kept the angels and rangers from playing today. they will p
the a's come back from a 4-run deficit. it only took them one more inning to put it away. put it over the right field fence, the 3-run homer is number 21 on the year for moss. the 14th walk off win for the a's this year with the 7-4 win the a's trail the rangers by 2- 1/2 games in the west. oakland's number to beat three. players can probably smell the finish line but know they can't take their foot off the gas. >> there's the emotional part but i think once you get out there in the game,...
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Dec 7, 2012
12/12
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FOXNEWSW
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it would hardly make a dent in the yearly deficit and not even a chip of a cent off the debt. he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement, and in that respect sadly obama is having some success. now so long as this debate is focused not on cutting spending but on raising daxs and revenues with the only question being which taxes, how much revenue, then obama wins. now if obama succeeds in making the argument not about his spending, but about grover norquist, he wins there, too. for republicans, on the other hand, if they can figure out a way to refocus the debate on spending, they win and the country wins. we can't kid ourselves that's correct is not easy to do. obama has the biggest microphone in the land and he also has
it would hardly make a dent in the yearly deficit and not even a chip of a cent off the debt. he said he would rather go over the fiscal cliff than not to raise tax rates. so obama pushing higher taxes on the top 2%, not for economic reasons but for i'd logical reasons but there is also this obvious fact. obama wants to raise the top rates for political reasons. now that is he wants to force republicans to raise tacks in order to trigger a civil war within the gop and the conservative movement,...
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Dec 18, 2012
12/12
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FOXNEWSW
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the boehner had $600,000 and entitlement reform, yes, he could. >> this does not get us a deficit reduction. if this is how they want to play the game, by missing a huge opportunity, all right. you know who loses? >> andrea: we do. >> yes. >> a marine who served in iraq and afghanistan is languishing in one of the most dangerous prisons in mexico on trumped up charges. so why isn't the u.s. government stepping in eric has that story up next. ♪ ♪ ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do share "not even close." share "you owe me..." share "just right." the share everything plan. shareable data across 10 devices with unlimited talk and text. hurry in for a droid razr m by motorola for $49.99. by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we're strong and if we overcame that or if we can overcome that... we can overcome anything. [ sniffles ] ♪ ♪ ♪ >> eric: welcome back. now to a story we ha
the boehner had $600,000 and entitlement reform, yes, he could. >> this does not get us a deficit reduction. if this is how they want to play the game, by missing a huge opportunity, all right. you know who loses? >> andrea: we do. >> yes. >> a marine who served in iraq and afghanistan is languishing in one of the most dangerous prisons in mexico on trumped up charges. so why isn't the u.s. government stepping in eric has that story up next. ♪ ♪ ♪ ♪ [ male...
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Dec 29, 2012
12/12
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MSNBCW
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bare minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a statement -- "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on middle class families, making up to $250,000, and that will include the additional critical provisions outlined by president obama." president obama pointed out the danger of inaction. >> the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already, you're seeing businesses and consumers starting to hold back, because of the dysfunction that they see in washington. >> the president's stern statement echoed the
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bare minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a statement -- "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on middle...
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Nov 24, 2012
11/12
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FBC
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what we are telling washington, you are running a deficit for the fourth year in a row and yet you can borrow money almost for nothing. so why don't you just wait another year or two years. who wants to take the fall? who wants to take the political heat if you can borrow money for five years, which is what they are doing now. neil: we are building another debt bubble? >> yes, we are doing so. >> i don't know what you call it. we've never been there before, we've never had a central bank. we've never had anything like that. >> you don't think it can walk past the graveyard much longer? >> ion't think so. i don't think we can whistle the tune very much longer. >> okay. neil: if you had a lead suit you would buy it. [laughter] neil: david, thank you so much. the president is now speaking out. that coming up next [ male announcer ] you are a business pro. governor of getting it done. you knowow to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size p
what we are telling washington, you are running a deficit for the fourth year in a row and yet you can borrow money almost for nothing. so why don't you just wait another year or two years. who wants to take the fall? who wants to take the political heat if you can borrow money for five years, which is what they are doing now. neil: we are building another debt bubble? >> yes, we are doing so. >> i don't know what you call it. we've never been there before, we've never had a central...
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Dec 20, 2012
12/12
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FBC
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. >> deficit. >> debt. >> deficits. >> massive debt and deficits. >> debt problems. >> debt problems. >> national debt. >> our debt is out of control. our deficits are out of control. melissa: we hear that all the time, right? deficits and the debt. the national debt clock spinning out of control every day. the federal government takes in about $5 billion and spends more than 11 billion every day! do you ever wonder how much of that number you and your family actually owe? the numbers are staggering. fox news's bret baier is here to break down the real cost of spending. bret, i love this series even though frankly it is really depressing, but it is information that we all need. nobody ever wants to crunch the numbers. so do it for us household by household basis. how much does my family actually owe as a result of these costs? >> yeah, melissa, it is staggering. it is depressing. when we say we owe it, it is a splitting up the debt per household and it breaks down to roughly 139, -- 139,000 per household, every single household in the u.s. as you mentioned the u.s. borrows roughly $6
. >> deficit. >> debt. >> deficits. >> massive debt and deficits. >> debt problems. >> debt problems. >> national debt. >> our debt is out of control. our deficits are out of control. melissa: we hear that all the time, right? deficits and the debt. the national debt clock spinning out of control every day. the federal government takes in about $5 billion and spends more than 11 billion every day! do you ever wonder how much of that number you and...
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Nov 30, 2012
11/12
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CNBC
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are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be balanced, of course, in the long-term with real spending cuts. >> and where are those? >> he's got another $400 billion, plus the interest savings. it's a balanced approach. if you add it up, it stabilizes the debt over the next decade. if we did that, that would be a tremendous step forward. >> where would those $400 billion in spending cuts come from? >> they come from public health care programs, but not through cuts to beneficiaries. they're real cuts. i have to say, at this point the president is the only one who's actually put spending cuts on the table. where's the republican offer? >> he's not put his medicaid cuts on the table. he put a number on the table. what i think one of
are we trying to get our arms around the debt and deficits? are we trying to create jobs? what's the goal of this whole charade? >> both. i wouldn't call it a charade. in the near-term, we're trying to keep this recovery going. that's why the payroll tax holiday extension is so needed and the small amount of new investments and unemployment insurance in the president's offer. that has to be balanced, of course, in the long-term with real spending cuts. >> and where are those?...
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Nov 30, 2012
11/12
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said, did not contribute to the deficit. it is supported by the payroll taxes. that workers and their employers pay. >> you have seen, surveys that show the direct we're going, we -- the direction we're going we have moved its trouble date up, compared to other programs, that is prestin my only point is why not put it out there, why not put out medicare, and medicaid and everything, and for republican defense, everything, and rather than pick and choose. >> whether defense, medicare, medicaid, those are out of general revenues, they are in a defendant category. social security, does nida, just need adjustments, it should not be part of solves will deficit. neil: i think what is intrinsic. is what you are not saying. that we're missing an opportunity to address the overall rate of money coming in and money going out. if you want to leave social security alone, and just look at all of other entitlements and big spending and hear, they say focus it has to be on taxes, i'm not here is a they don't raise taxes on the rich. the el
said, did not contribute to the deficit. it is supported by the payroll taxes. that workers and their employers pay. >> you have seen, surveys that show the direct we're going, we -- the direction we're going we have moved its trouble date up, compared to other programs, that is prestin my only point is why not put it out there, why not put out medicare, and medicaid and everything, and for republican defense, everything, and rather than pick and choose. >> whether defense,...
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Dec 11, 2012
12/12
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CNBC
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our deficit was $1.2 trillion. we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are
our deficit was $1.2 trillion. we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from...
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Dec 19, 2012
12/12
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CNBC
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more than any other deficit reduction package. that we will have stabilized it for ten years. that's a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point, you know, they've got to take me out of it and think about their voters and think about what's best for the country. and if they do that, if they're not worried about who's winning and who's losing, you know, did they score a point on the president, did they extract that last little concession, did they, you know, force him to do something he really doesn't want to do just for the heck of it, and they focus on actually what's good for the country, i think we can get this done. >> you mentioned the $700,000, $800,000, are you willing to move on income level? are there specific things -- >> i'm not going to get into specific negotiations. my point is, carol, tha
more than any other deficit reduction package. that we will have stabilized it for ten years. that's a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. i don't know how much of that just has to do with, you know, it is very hard for them to say yes to me. but, you know, at some point, you know, they've got to take me out of it and think about their voters and think about what's best for the country. and...
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Nov 13, 2012
11/12
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FBC
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our deficit is about the same size as t% of gdp is greece. gerri: i know. we are facing problems, hat is for short. i appreciate your coming on tonight. >> always a pleasure. gerri: thank you, secretary perry to have you wnt. thank you so much. meanwhile, congress returned to work tomorrow afte their month-long break. can ey work together to up work and the fiscal cliff. with more, always great to have you. the speaker at a conference call this week with republicans saying get in line because we're going to have to find some common ground. do yu think that wil woork? >> the problem republicans have, they have the leaders looking at that and saying, we will have to give some on revenue and hopefully as the former secretary was discussing, hold the line on rates. there was that little potentia tea leaf in the president's statement the other day where he did not mention higher rates. so it's possible you could have a compromise around cosing loopholes, closing deductions to my getting more revenue. gerri: is that morelikely? that is intresting is that can happ
our deficit is about the same size as t% of gdp is greece. gerri: i know. we are facing problems, hat is for short. i appreciate your coming on tonight. >> always a pleasure. gerri: thank you, secretary perry to have you wnt. thank you so much. meanwhile, congress returned to work tomorrow afte their month-long break. can ey work together to up work and the fiscal cliff. with more, always great to have you. the speaker at a conference call this week with republicans saying get in line...
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Dec 12, 2012
12/12
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FBC
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percent of china's merchandise trade surplus related to sales to the united states meaning they run deficits with the rest of the world so they run this enormous surplus with us. that gives us leverage, but only if we carry use it tracy: i remember when i was a kid they said japan was buying of rockefeller center. japan's by to take over the world. that never happened. >> no, but japan was our ally. we could deal with thejapanese on a reasonable basis. the problem with china is that it sees itself as supplanting the united states. has been very hostile and aggressive in recent years. it's trying to push the u.s. out of asia. they are not our friend, and so we don't want to give them a foothold in our economy. trac that being said, how do we stop this? do we not allow these deals to happen? in the u.s. is basically putting a defense. >> the chinese put up a fence. we couldn't buy if it were a chinese enterprise. we can stop this because the committee on foreign investment in the u.s. has the final say on sensitive acquisitions. and so they cann stop the acquisition. tracy: that probably shoul
percent of china's merchandise trade surplus related to sales to the united states meaning they run deficits with the rest of the world so they run this enormous surplus with us. that gives us leverage, but only if we carry use it tracy: i remember when i was a kid they said japan was buying of rockefeller center. japan's by to take over the world. that never happened. >> no, but japan was our ally. we could deal with thejapanese on a reasonable basis. the problem with china is that it...
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Dec 18, 2012
12/12
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neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. [ morgan ] what's better than epic offers from visa like 20% off ea sports madden nfl 13? you should never go forth and fourteen, you can't do that. [ morgan ] getting a chance to hang out with madden in his game room. blue go. did you hear the pop? [ morgan ] and barbecue with madden. watch football with madden. learn from madden. was that good, coach? [ morgan ] and get coached by the ultimate coach madden. does all this make sense to you? um, yeah. [ morgan ] yup, pretty epic. join visa nfl fan offers and make your season epic. [ male announcer ] rated e for everyone. neil: if they are still talking, a deal must be in the works. john boehner met at the white house with the president today. great news, righ not necessarily. we have the former secretary to george w. bush. >> good evening. i think i
neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. [ morgan ] what's better than epic offers from visa like 20% off ea sports madden nfl 13? you should never go forth and fourteen, you can't do that. [ morgan ] getting a chance to hang out with madden in his game...
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Nov 27, 2012
11/12
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you have a deficit thattic vides a trillion -- that exceeds a trillion dollars. i don't think any republicans will say what the hell let's just raise taxes because barack obama says so. neil: they are running with tails between leg. >> look at the electeds. >> look, bottom line, i don't like pledges of any kind, you have to be pragmatic in washington both sides, democrats should not make pledges either, they need to come to the table. neil: you don't have to worry, they will not. what is going on on the whole tax thing, and whole norquist thing? main were saying that -- today saying, that this is really about the imploying of grover norquist, he took afence to that in my interview earlier, but that is what is going on, probably more more than that, what do you say? >> first, i ca i have to addrest julie said, almost someone who lives inside of beltway could say that a pledge does not matter, this is a promise, they said while they serve in congress, not a short-term team, they made a promise, where i come from thee, the rest of america, separate from washington d
you have a deficit thattic vides a trillion -- that exceeds a trillion dollars. i don't think any republicans will say what the hell let's just raise taxes because barack obama says so. neil: they are running with tails between leg. >> look at the electeds. >> look, bottom line, i don't like pledges of any kind, you have to be pragmatic in washington both sides, democrats should not make pledges either, they need to come to the table. neil: you don't have to worry, they will not....
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Dec 21, 2012
12/12
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the cbo scoresg the bill ats ovr 218 billion of deficit reduction over a decade boehner' beginning january 1st winningal approval from grover norquist despite the hike for top earners. he said quebec republican supportingup the bill consrming to their tnstituents in writing thisill, bill bustle purpose to prevent tax increases, is consistent with the pledge they made to them. lou: the chamber of commerce th, in support of the alternative plan releasing a statement that read it part to "we're not comfortable allowing tax increases on anyone in this environment but we anderson and at times politics requires compromise. thus we support passage." lou: what is interesting about that request is against the tax hikes and author of the pledge of the against and the conservative chamber of commerce as a conservative activist has bounto found to back republican primary challenges to any republican who boats yes on the pan "b." tonight.ask why to night. the secretary of state said there may have been cable's reviewed from bank ozzyguests hr asking for help we will also aba joined the -- the joint by
the cbo scoresg the bill ats ovr 218 billion of deficit reduction over a decade boehner' beginning january 1st winningal approval from grover norquist despite the hike for top earners. he said quebec republican supportingup the bill consrming to their tnstituents in writing thisill, bill bustle purpose to prevent tax increases, is consistent with the pledge they made to them. lou: the chamber of commerce th, in support of the alternative plan releasing a statement that read it part to...
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Dec 8, 2012
12/12
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and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me your shirt? i want your trousers as well. the white house is not budging, and everybody's waiting, meaning the media, the administration are waiting for republicans to cave. >> look. i agree totally with you and their posture, their public posture appears that they're going that way. i'll give you a quick example. when john boehner started to answer the other day and he said well, our plan is to raise revenues on the rich, he was co opting barack obama's language and we read this week about the purging and the removal of conservatives and tea party members from their committee assignments because they didn't vote the way speaker boehner wants. that seems to me to be evidence that a surrender is coming. >> well, i'm not sure it's the appointments so much as the substance of the negotiations. i think, you know
and just to add insult, and here's the insult, he demands congress give up the power to control the deficit. that's obviously meanlt to humiliate the republicans. it's a non-starter. it's not acceptable. it's a way of saying to boehner you want to hand me your sword, you want to hand me your shirt? i want your trousers as well. the white house is not budging, and everybody's waiting, meaning the media, the administration are waiting for republicans to cave. >> look. i agree totally with...
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Dec 29, 2012
12/12
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american looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. you guys, i can hear you over there. i believe such a proposal could pass both houses with bipartisan majorities. as long as those leaders allow it, to actually come to a vote. if members of the house or the senate want to vote no, they can, but we should let everybody vote. >> i would actually really like to know who he was shushing there. but to his main point, here's what the president intends to do. senators reid and mcconnell will try to come to a deal. if they fail, the white house and harry reid are going to try to jam through a bill that increases taxes on rich people and extends unemployment insurance, which are the two key democratic priorities. they'll pretty much dare republicans to block it. and republicans probably won't be able to, at least not for long. here's johnny isaacson, a republican senator from georgia, over the weekend. >> if we get down to the end of this year, and the only choice we have is to save taxes going up on the middle class, then i would
american looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. you guys, i can hear you over there. i believe such a proposal could pass both houses with bipartisan majorities. as long as those leaders allow it, to actually come to a vote. if members of the house or the senate want to vote no, they can, but we should let everybody vote. >> i would actually really like to know who he was shushing there. but to his main point,...
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Dec 21, 2012
12/12
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. >> proposal to get our deficit uncontrol, avoid tax cuts, or avoid tax hikes on the middle class, and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending but also asks the wealthiest americans to pay more, proposal that will strengthen the middle class over the long haul and grow our economy over the long haul. during the course of these negotiations i offered to compromise with republicans in congress. i met them halfway on taxes, and i met them more than halfway on spending. in terms of actual dollar amounts we're not that far apart. as of today i am still ready and willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. i remain committed to working towards that goal, whether it happens all at once or whether it happens in several different steps. but, in 10 days we face a deadline. in 10 days under current law tax rates are ked scud you would to -- scheduled to rise on most americans. even though democrats and r
. >> proposal to get our deficit uncontrol, avoid tax cuts, or avoid tax hikes on the middle class, and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending but also asks the wealthiest americans to pay more, proposal that will strengthen the middle class over the long haul and grow our economy over the long haul. during the course of these negotiations i offered to compromise with republicans in congress. i met them halfway on taxes, and i met them...
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Dec 10, 2012
12/12
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this is a couple of days of operation for the federal government. 63 trillion deficit with medicare and social security between now and 2035. trillion with a t. >> big t. >> everybody is afraid to say no. to me, that the biggest risk. what keeps you up at night? >> keeping the investment pub lig and keep prague fegsal investors and people participating interested and confident under this market. right now whether you are in europe or the u.s., you don't have that opportunity. you are concerned about what the future has. we don't know what is going to happen going forward. >> as an invest over, are we living in a more risky environment now than ever? we grew up thinking america was the top of the world, best credit in the world, reserved currency. are things changing with regards to that? >> yeah, i think it is. i think the mind-set has changed. >> do you keep your money here or move it elsewhere. >> i think the u.s. is one of the most attractive places to invest in the world. it continues to serve us. i see the united states as being a great opportunity for invest many going forward and
this is a couple of days of operation for the federal government. 63 trillion deficit with medicare and social security between now and 2035. trillion with a t. >> big t. >> everybody is afraid to say no. to me, that the biggest risk. what keeps you up at night? >> keeping the investment pub lig and keep prague fegsal investors and people participating interested and confident under this market. right now whether you are in europe or the u.s., you don't have that opportunity....
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Dec 22, 2012
12/12
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this is it the largest deficit reduction in history. >> president bush. >> american families have to balance their budgets and so should the government. >> and president. >> ever day families sacrifice to live in their means and they deserve a government to do the same. >> boehner insists that the president is singing a different tune. >> it is clear that the president is not serious about cutting speppeding, but speppeding is the problem. >> you can hear the talking heads every day and back and forth every day. but have you tried to get your head around how much the government doles out every day. what is the basic math we have the problem. >> in the month of november. the government brought in five billion worth of revenue . we spend more than 11 billion a day. the difference as you can clearly see is roughly six billion dollars. so how can we keep speppeding more than we take in? the econist said we can't. the government spends more than 11 billion a day. where does thity of the money g. top four outlays. department of health and human services that goes through three billion of t
this is it the largest deficit reduction in history. >> president bush. >> american families have to balance their budgets and so should the government. >> and president. >> ever day families sacrifice to live in their means and they deserve a government to do the same. >> boehner insists that the president is singing a different tune. >> it is clear that the president is not serious about cutting speppeding, but speppeding is the problem. >> you can...
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Dec 12, 2012
12/12
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president wants a stimulus, at a time where we have a tril trillion dollar deficit, the real solution. the one that speaker boehner is working hard for, we're in it together. we're taxed too little or spending too much or a combination of the two, if we do it, it has to be 100%. neil: do you believe we're taxed too little? >> in some cases dollar taxes that could be different, speaking for myself, from 20% to 15% on capital gains that is not change my considering on capital gains. i am a . >> you are open to the investor-related taxes that go up with this plan? >> i believe that -- >> not income related ? >> i believe that at zero tax you get no revenue, at 100% tax you get no productivity. you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new
president wants a stimulus, at a time where we have a tril trillion dollar deficit, the real solution. the one that speaker boehner is working hard for, we're in it together. we're taxed too little or spending too much or a combination of the two, if we do it, it has to be 100%. neil: do you believe we're taxed too little? >> in some cases dollar taxes that could be different, speaking for myself, from 20% to 15% on capital gains that is not change my considering on capital gains. i am a...
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Nov 1, 2012
11/12
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it's doomed any real progress on guns, immigration, tax reform, job creation and deficit reduction and he has a divisive populous agenda. he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change is the not just climate change itself, but where he was and then where he is now. this idea that romney has since put politics ahead of this good science. and that's where kellyanne references -- >> he did that -- >> hold on. his point is the mitt romney that he knew all those years ago is not the right ring guy running for president now. that's the poink he makes. point he makes. >> and that is what making this a close race because mitt has moved a little to the center. but another one i can't let go by. president obama now wants a secretary of business. ap-mitt romney's response is, hey, listen, i'm
it's doomed any real progress on guns, immigration, tax reform, job creation and deficit reduction and he has a divisive populous agenda. he's talking about barack obama. now, i'll admit, that ain't much of an endorsement. you have to agree with me on that. >> i totally agree. when i read it, i was like, hey, where is the endorsement part? but here's the central part, guys, that he does make and we can't escape. part of of the point that he makes on romney's positions with climate change...
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Nov 18, 2012
11/12
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none says raising taxes on the rich would do anything to reduce the deficit. raising taxes to current levels for those families making over $250,000 a year would only raise $824 billion in revenue. not in one year, but over a decade. we have a trillion dollars in debt each and every year. not enough to undo the sequester or so the company -- for the country, that is, on the right track financially. it is becoming increasingly clear is that the spending problem. the nation's federal tax revenues are rising. look at this. we are approaching the levels just before the great recession. nobody seems to be talking about what we need to heal. cut spending? congress? not a chance. that is what i think. drop me an-mail at gerri@foxbussiness.com. >> coming up on "the willis report", our taxpayers would have come to the rescue again? executive vp is here with the answers next. and you ever feel like you're being watched? it could be google. find out how the internet giant is tracking your every moe. and ever since the states legalize recreational use of pot, a rush is gr
none says raising taxes on the rich would do anything to reduce the deficit. raising taxes to current levels for those families making over $250,000 a year would only raise $824 billion in revenue. not in one year, but over a decade. we have a trillion dollars in debt each and every year. not enough to undo the sequester or so the company -- for the country, that is, on the right track financially. it is becoming increasingly clear is that the spending problem. the nation's federal tax revenues...